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Nov 29, 2012
11/12
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basically, what we've seen is u.s. trial lawyers have gone to a foreign government, and they have bribed judges, they have blackmailed judges, they have ghost written expert opinions, they've ghost written court judgments. in our view, they've violated numerous laws, both in ecuador and the united states. all of it is available on videotape depositions and in e-mails because the crime fraud exception has been invoked by numerous judges in the united states. our strategy is to fight it, fight it hard. we feel we'll prevail in the end. >> i know this is a significant case, however, this is also sort of the normal for the industry, isn't it? this is the uphill battle you're fighting all the time, this hostility. >> rule of law, i would say, is the biggest risk not just to our industry but business in general. the world is becoming much more international and interconnected. it's very important that we have laws and norms that are functioning. so companies like ours and others can have a predictable and successful business
basically, what we've seen is u.s. trial lawyers have gone to a foreign government, and they have bribed judges, they have blackmailed judges, they have ghost written expert opinions, they've ghost written court judgments. in our view, they've violated numerous laws, both in ecuador and the united states. all of it is available on videotape depositions and in e-mails because the crime fraud exception has been invoked by numerous judges in the united states. our strategy is to fight it, fight it...
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Nov 29, 2012
11/12
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CNBC
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there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from
there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off...
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57
Nov 10, 2012
11/12
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FBC
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eye 57
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the idea that the u.s. alone is somehow going to solve the co2 issue is fundamentally flawed and i don't know where the president is dreaming that he will be able to solve this issue. gerri: probably on hold. robert, i know we will hear from you again soon. thank you for coming on, have a great weekend. >> thank you, gerri you want as the clock ticks, there is another group of folks tt will be hit hard. i'm talking about college savers. many families will be worse off next year compared to this year. could you explain is the founder and publisher of finaid.org. what is the fiscal cliff? is the fiscal cliff? were we going to duplicate those budget cuts? >> one is it will cut things by 8% across the board. the pell grant in 2013, it will also be cut automatically by 8%. the american opportunity tax credit expires at the end of 2012 as well. gerri: it sounds like, and here are the numbers here, it could result in a% cut in federal student aid. so clearly, people will see higher costs for college. how can they
the idea that the u.s. alone is somehow going to solve the co2 issue is fundamentally flawed and i don't know where the president is dreaming that he will be able to solve this issue. gerri: probably on hold. robert, i know we will hear from you again soon. thank you for coming on, have a great weekend. >> thank you, gerri you want as the clock ticks, there is another group of folks tt will be hit hard. i'm talking about college savers. many families will be worse off next year compared...
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189
Nov 14, 2012
11/12
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CNBC
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eye 189
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ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big mover. stock breaking previous patterns and actually jumping on its third lock-up expiration. julia has been on the phone with analysts with details about why it's different this time. >> good morning. today is the biggest lock-up expiration for facebook shares. over 80 million a0 million are e market. it it means institutional investors, former employees and investors who bought on the secondary market, and another 31 million in restricted stock units owned by employees who owned prior to 2011. the stock today is soaring for a couple of reasons. t
ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big...
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Nov 17, 2012
11/12
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KRCB
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eye 112
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so, you know, with a woman in fourth place in their leadership, with 20 females in the u.s. house versus 58 democrats, is the republican party doing enough of a job to review and promote women? >> well, and you might want to add, there are five female governors in the country, four of which are republicans, doing great jobs out there and very well respected in their states. so what are we doing? i think with cathy mcmorris rodgers, she ran, it's a tough battle and she won and gets the credit but she got men to support her. there is a sense in the republican party tom price is a good man, she's a terrific lady, but maybe it would be wiser for her to have that position. >> a better messenger. >> a better messenger is a perfect way to put it so in a sense, it's the party coming together realizing we need to make certain these women are prominently displayed, out there helping us send a message to this country that we represent both men and women. >> avis, your thoughts. the burden on the republican party from where i sit is to get more women in the house, more women in the sena
so, you know, with a woman in fourth place in their leadership, with 20 females in the u.s. house versus 58 democrats, is the republican party doing enough of a job to review and promote women? >> well, and you might want to add, there are five female governors in the country, four of which are republicans, doing great jobs out there and very well respected in their states. so what are we doing? i think with cathy mcmorris rodgers, she ran, it's a tough battle and she won and gets the...
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Nov 30, 2012
11/12
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CNBC
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eye 144
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even if the u.s. growth numbers are stronger, they might be stronger only because they're heading off the fiscal cliff. there's still more fiscal tightening to do. >> i'm just trying to get a reasonable trip to greece here. you're con founding my hopes. but thanks very much for stopping by. and i had dree adrian reminding us that the 1.30 level may be around to stay. >>> coming up a little later, what toys will kids be badgering parents for this christmas? beccy and geoff visited the fair to find out. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. japan has finally gotten a bit of a reprieve. here are the details from korea. >> a raft of economic data out, some of it surprising toward the up side. industrial output recovering to 1.8% versus expectations of a fall of 2.2%. things a
even if the u.s. growth numbers are stronger, they might be stronger only because they're heading off the fiscal cliff. there's still more fiscal tightening to do. >> i'm just trying to get a reasonable trip to greece here. you're con founding my hopes. but thanks very much for stopping by. and i had dree adrian reminding us that the 1.30 level may be around to stay. >>> coming up a little later, what toys will kids be badgering parents for this christmas? beccy and geoff visited...
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150
Nov 28, 2012
11/12
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CNBC
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eye 150
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>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on cnbc. >> i'm getting e-mails from people who have a cayman who say they should have waited, it's absolutely gorgeous. thank you, phil. >>> marisa meyers speaking out publicly for the first time. what did she have to say about the silicon valley internet giant. >>> and we're expecting the president to speak at any moment. let's hope it doesn't come during the commercial break. back in a second. [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> groupon making -- the company is due to
>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on...
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Nov 19, 2012
11/12
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CNBC
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eye 207
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i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in america, whatever the price point, would prefer to rent, would prefer to purchase versus rent and i don't think they're looking first and foremost at the tax deduction as the key driver. >> ron, steve forbes here. what do you hear about how hard it is to get a mortgage, even though rates are low, and also what's happening in the jumbo mortgage market? in terms of availability of credit. >> you know, that's the real problem, if we look at what are the key issues that are really limiting housing purchases today, is the financial
i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in...
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Nov 16, 2012
11/12
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CNBC
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we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides of the aisle will be covered. "squawk on the street" is coming right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hon
we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns...
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220
Nov 27, 2012
11/12
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CNBC
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eye 220
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we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the market. from thanksgiving onwards it really generates a big car market. >> andy goss, president of jaguar and land rover in the united states. sales this year up 18% for land rover here in the u.s. this goes on sale mid-december. carl. >> all right, phil. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell yo
we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the...
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Nov 16, 2012
11/12
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CNBC
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eye 175
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the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and trade. >> i'm a little pessimistic because in the kind of world we live in where there's a struggle for global demand, that struggle will show up in the trade area. >> reporter: rhetoric about china flared on on the campaign trail with barack obama promising to stand up to china as he heads into his second term. >> i set up a trade task force to go after cheaters. that's why we brought more cases than the previous administration in two terms. >> reporter: cases for example over auto parts and solar panels.
the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and...
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231
Nov 9, 2012
11/12
by
CNBC
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eye 231
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and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> if you want to know what stocks can work in this increasingly difficult environment, how about we start with stocks that go up when they report earnings, not down, especially on horrendous days of late. stocks like henry
and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go...
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107
Nov 16, 2012
11/12
by
FBC
tv
eye 107
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incidently, any one of them who would like to write a check to the u.s. government is free to do so. go ahead. neil: define patriotism by how much you give the government. >> at think it's nonsense. what does that have to do with anything? neil: over reading posts the election what they're either mandate or victory means? >> i think there overeating what their mandate is. neil: how you define their mandate to act a lot of people think that, well, they do agree with at least one part that the rich should pay more. usually is the people who are not. but beyond that, push for more spending for stimulus, and leaving entitlements alone, leaving spending itself alone. >> essentially what they won was a squeaker. based on some, whenever it is, five counties across the united states. in my opinion did they win, of course. but they have no mandate. they ought to figure out a way to try to keep all of the people that our citizens in the people who pay taxes happy. neil: have you resign yourself to you will have to pay more taxes. >> i have not. i have not. neil: i
incidently, any one of them who would like to write a check to the u.s. government is free to do so. go ahead. neil: define patriotism by how much you give the government. >> at think it's nonsense. what does that have to do with anything? neil: over reading posts the election what they're either mandate or victory means? >> i think there overeating what their mandate is. neil: how you define their mandate to act a lot of people think that, well, they do agree with at least one part...
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Nov 28, 2012
11/12
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CNBC
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at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> we don't want you to bet the country. we want you to fix the country. and we had a number of productive meetings in the past couple days. the white house with the leadership of both the senate and the house, diverse groups of house members -- >> that is maya mcginnis, who i almost always want to call maya angelou for some reason. but it is not. it is maya mcginnis, one of the organizers of fix the debt, the campaign that's organized some 60 ceos, heads of non-profits, academics and others to come up on capitol hill today to talk about solutions to the fiscal cliff problem. i'm joined now by john carney of cnbc.com, bob pisani. we'll listen in as
at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> we don't want you to bet the country. we want you to...
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190
Nov 3, 2012
11/12
by
CNBC
tv
eye 190
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a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom generational? we've seen many sectors retail and individual stocks within those sectors outperform. i like to listen to the earnings of all the retailers. at given times i am wrapped by the groups doing the best. by far the top performers during this period have been the discount stores, particularly the dollar stores. dollar general, dg, and dollar tree. when i see the markets tied at money going to retail i go back to my earnings report memory and i reach for these two. i know they have the most earnings momentum. i only know that because i keep listening to the calls. even though the group may hav
a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom...
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Nov 8, 2012
11/12
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CNBC
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eye 72
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reforming our tax code, fixing our immigration system. >> u.s. oil imports have been on the decline since 2008 and new forecasts say the u.s. will rely on domestic energy output in coming years but price wills stay high because of production costs. how are industry leaders positioning themselves for the move? let's ask the ceo of devon energy who joins us from headquarters in oklahoma city. it's a pleasure to speak with you. >> nice to see you, melissa. >> we played a couple clips of president obama saying all the right things to the oil industry and americans. there is a perception in the stock market that republican presidency would have been more supportive of oil and gas production. what's the truth? where do you stand on that? >> we haven't seen the president and administration do the things that would allow us as an industry to take advantage of the wonderful resource we're sitting on in the u.s. now through this last few weeks and through the campaign he said the right things. i hope he can follow through. we can add to it from an energy p
reforming our tax code, fixing our immigration system. >> u.s. oil imports have been on the decline since 2008 and new forecasts say the u.s. will rely on domestic energy output in coming years but price wills stay high because of production costs. how are industry leaders positioning themselves for the move? let's ask the ceo of devon energy who joins us from headquarters in oklahoma city. it's a pleasure to speak with you. >> nice to see you, melissa. >> we played a couple...
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Nov 15, 2012
11/12
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KICU
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eye 164
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attorneys for the plaintiffs today announced the case have been granted class action status by an u.s. district court in seattle. the law suit alleges that the pizza chain sent the text messages to people who previously ordered from. the tell -- without a consumer's permission. well, it was great for everyone, but the business offered it. the mistake that sent off a rush of drivers to one gas station. and today was the warmest day of the week. we hope you enjoyed it, because meteorologist ross tells us that it's about to change. >> california officially launched its cap and trade program today, auctioning permits for granny house gas emissions. the board allowed selling of allowances. under the program, businesses are required to pay premiums for levels of pollution that rise above limits set by the state. businesses can use credits to off set those people's. >> yeah, the weather pattern, gasia, about to change, yeah, we had the sunshine, the 70s out there, and even a few mid 70s. tomorrow in the so bad. but transition day, storms just in time for the weekend. there's a weather system
attorneys for the plaintiffs today announced the case have been granted class action status by an u.s. district court in seattle. the law suit alleges that the pizza chain sent the text messages to people who previously ordered from. the tell -- without a consumer's permission. well, it was great for everyone, but the business offered it. the mistake that sent off a rush of drivers to one gas station. and today was the warmest day of the week. we hope you enjoyed it, because meteorologist ross...
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198
Nov 27, 2012
11/12
by
CNBC
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eye 198
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u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >> 13 minutes before the closing bell. the dow jones industrial average l
u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st...
162
162
Nov 2, 2012
11/12
by
CNBC
tv
eye 162
favorite 0
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a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom generational? we've seen many sectors retail and individual stocks within those sectors outperform. i like to listen to the earnings of all the retailers. at given times i am wrapped by the groups doing the best. by far the top performers during this period have been the discount stores, particularly the dollar stores. dollar general, dg, and dollar tree. when i see the markets tied at money going to retail i go back to my earnings report memory and i reach for these two. i know they have the most earnings momentum. i only know that because i keep listening to the calls. even though the group may hav
a bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom...
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343
Nov 7, 2012
11/12
by
CNBC
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eye 343
favorite 0
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it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today? >> okay, well, question on two retail stocks that i don't know. jcpenney and sears, they have a lot in common. they both lose money. they both have negative same-store sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. let's st
it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today?...
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164
Nov 19, 2012
11/12
by
KGO
tv
eye 164
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president barack obama is set to become the first u.s. president to visit myanmar. the thailand the president tried to assure critics his visit is not an endorsement of the government but acknowledgment of a process that few saw coming. myanmar, firmerly known as burma, is moving towards democracy. >> just ahead, a special honor at the white house for some bay area teens. plus, hot says -- sales for the latest video to hit the market. >> more rain is ahead for the holiday week. >> leigh: leg has the forecast. >> i'm mike shumann and feelingg the raiders' pain, the saints were in pound and -- >> ama: the biggest names in music are hitting the stage for the 40th annual american music awards and you can see the big event right here on abc-7. [shouting] >> ama: over here! no doubt the red carpet event was parade of big names. other classic artists are part of the show at the nokia theater. taylor swift, and justin bieber. catch the american music awards right here at 8:00. >> young adults from an oakland based nonprofit youth program are in washington, dc to receive a p
president barack obama is set to become the first u.s. president to visit myanmar. the thailand the president tried to assure critics his visit is not an endorsement of the government but acknowledgment of a process that few saw coming. myanmar, firmerly known as burma, is moving towards democracy. >> just ahead, a special honor at the white house for some bay area teens. plus, hot says -- sales for the latest video to hit the market. >> more rain is ahead for the holiday week....
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Nov 29, 2012
11/12
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u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can
u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off...
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Nov 19, 2012
11/12
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i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are selling off the dividend paying stocks or is that a level that you say on this selloff i am ready to buy? >> so that is a great question and brings in a different area. everybody is saying lops there is weakness in there and under performing the market. that is tax policy reform. that is not happening until next year. the weakness today is unrelated to reform. and i say in the mortgage reach you see the same activity. we don't think the tax structure or code changes for those pieces materially. >> thanks for coming by. we appreciate it. >>> the stocks were once beaten down on fears
i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are...
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Nov 19, 2012
11/12
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the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the hearing that was going on today for the liquidation, that will resume wednesday at 11 a.m. if, in fact, they cannot reach an agreement tomorrow. for the meantime, a lot of people have been in the parlor game of speculating about whether a buyer will come to the fore. many companies have voiced they wouldn't step in before seeing the outcome of whether the company would be liquidating. in that case pick off the assets. we have heard sun capital potentially interested in a deal, that would be involving the unions. so that mi
the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the...
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Nov 1, 2012
11/12
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better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotati
better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most...
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Nov 12, 2012
11/12
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a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020 we are seeing that priced in and the divergence that you are seeing between crude highlights the fact that there is a lot of focus in how much supply we have here in the u.s. this is just a confirmation of @ñat fact. >> it is so good to have you today because we are kicking off the new segment called fast or fiction where we take something like this report and see if you guys are buying it. >> i'm not buying it because tla far out in the future. we will be energy independent far faster than the iea thinks it will happen. i think in north a
a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020...
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Nov 16, 2012
11/12
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u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
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Nov 15, 2012
11/12
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the cbs reporter daniel nottingham reports the attack on the u.s. consulate in libya has sparked a nasty political battle in washington. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> reporter: at his first news conference since his reelection, the president defended un ambassador susan rice. senators john mccain and lindsey graham say they will block her elevation to secretary of state because of comments she made days after the attack on the consulate in libya. >> for them to go after the un ambassador who had nothing to do with benghazi and besmirch her reputation is outrageous. >> reporter: arizona senator john mccain took exception >> i doubt that the families of these brave americans who were murdered would believe that we are "picking on" anyone. >> reporter: the president also addressed the fiscal cliff. one way to avoid it is to extend tax -- not to extend tax cuts to the wealthiest americans. >> they'll still be wealthy. >> reporter: while john boehner agreed ballparks ises in, he
the cbs reporter daniel nottingham reports the attack on the u.s. consulate in libya has sparked a nasty political battle in washington. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> reporter: at his first news conference since his reelection, the president defended un ambassador susan rice. senators john mccain and lindsey graham say they will block her elevation to secretary of state because of comments she made days...
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Nov 26, 2012
11/12
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so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i think that was the best trading opportunity left in 2012, so if you missed it, you have to be a little bit cautious now about piling in at the start of this week. i think we can still maintain at the levels reached, but i think it will be a little more choppy. >> and it contact on the back with the s&p off 10%, 11% from the september highs. >> that's right. an overextension. it was a pretty straightforward call. i know it's always easy to say that in hipd site, but -- >> we did call it, though. >> we did. but
so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i...
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Nov 15, 2012
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you know what we're facing in the u.s. how concerned are you about the possibility of a fiscal cliff and what would happen to the auto industry if we approached that and went over that fiscal cliff? >> the second part of your question is almost -- there are a variety of possible outcomes. i have the utmost faith in the leadership here, however, it goes beyond the question of cars. the world is truly dependent. the americans don't understand how the world looks at the stability of the market and that the u.s. will have a plan and see how other countries are doing. [ inaudible ] >> we've been asking the ceos if they will rise above ten because that's what people want. they want everybody to rise above what's going on in washington. have you expressed that to either president obama or any of the political leaders here in this country, they need to rise above their partisan bickering and fighting and come to an agreement? >> i haven't, but i think that what you saw here today is an example -- an actual example of how the colle
you know what we're facing in the u.s. how concerned are you about the possibility of a fiscal cliff and what would happen to the auto industry if we approached that and went over that fiscal cliff? >> the second part of your question is almost -- there are a variety of possible outcomes. i have the utmost faith in the leadership here, however, it goes beyond the question of cars. the world is truly dependent. the americans don't understand how the world looks at the stability of the...
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Nov 17, 2012
11/12
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that attack took the lives of the u.s. ambassador and three others. petraeus says that information was withheld from the general public to not tip out terrorists that u.s. intelligence was on their trail. >>> two co-workers are missing after an oil rig explosion off the coast of louisiana. 11 people were injured on board the platform that happened this morning when a blast of fire ripped through this rig. this is near louisiana not far from the spill of 2010. the company that owns the rig, black elk energy, says no oil has leaked from the platform. >>> still ahead, most wanted no more. how one of the bay area's notorious criminals was taken down while dining out. >>> and good afternoon. i'm jeff ranieri in the nbc bay area weather center. we're tracking the storm tonight. the first of two storms moving in right now. while you're dry in san jose, we do have rain picking up later on this evening. some of the heaviest activity moving into san francisco as we head throughout the next hour. a few areas of isolated flooding on highway 101. >> say it isn't s
that attack took the lives of the u.s. ambassador and three others. petraeus says that information was withheld from the general public to not tip out terrorists that u.s. intelligence was on their trail. >>> two co-workers are missing after an oil rig explosion off the coast of louisiana. 11 people were injured on board the platform that happened this morning when a blast of fire ripped through this rig. this is near louisiana not far from the spill of 2010. the company that owns the...
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Nov 14, 2012
11/12
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we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance to trade to the lower 70s which i'm sure dan doesn't care about with a five-year time horizon. >>> let's move on here. the unrest in the middle east and the impact on oil prices. take a look at this incredible video from gaza. israel launched an a air strike. crude immediately spiked. where do you put this? we know there are tensions between hamas and israel. >> i don't think so. i think this is a bigger issue than people made out today. we are used to that rhetoric but you are starting to see the rest of the middle east get involved. we saw egypt pull the ambassa
we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance...
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Nov 8, 2012
11/12
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certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of natural gas to our economy and i hope we continue that way. >> i'm glad we got to talk about safety cleans last time you were on. we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not hav
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of...
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Nov 27, 2012
11/12
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>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing
>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't...
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Nov 17, 2012
11/12
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. >> an increase in property value is what u.s. forest service economist donovan found. he published studies and the impact on neighborhoods. >> having a street tree increased the price of your home by about $7,600. >> that was the obvious question. >> what are surprised me is the effect it can have on things like crime or health. >> smaller tries were linked to higher crime, but larger trees seem to cut down on crime. >> what they do is signal to a potential criminal that a neighborhood is well cared for and should they commit a crime, they are more likely to get caught. >> this man said back in 1990 -- >> we planted approximately six trees. >> planting a few hundred trees wiped out graffiti. >> more activity on the outside and the less activity with gang members. >> for helped calm traffic. >> as many as half fewer car accident along tree-lined streets. >> the biggest find is the benefit to your health. >> we found out women who lived in houses closer to open space or more trees within 50 meters of the house were less likely to have under weight babies it. may reduce s
. >> an increase in property value is what u.s. forest service economist donovan found. he published studies and the impact on neighborhoods. >> having a street tree increased the price of your home by about $7,600. >> that was the obvious question. >> what are surprised me is the effect it can have on things like crime or health. >> smaller tries were linked to higher crime, but larger trees seem to cut down on crime. >> what they do is signal to a potential...
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Nov 28, 2012
11/12
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 15, 2012
11/12
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deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight beneficiaries of any of these tax related fears that are there, mandy. but i would argue to set aside the tax aspect they are going to all benefit from it. the final point in terms of what you need to be prepared for -- gold price. we have seen that coming down. we saw that go down quite a bit. i've been very bearish on gold price for the last year and i think we are going well below $1,600. >> that's quite a lot of everything being thrown out with the kitchen sink. thank you very much. >>> remember the race to $1,000 a share between apple, google and priceline? it may now be a race down to $500. look at that
deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight...
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Nov 7, 2012
11/12
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if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian kelly. i know you like stocks over bonds in the long term, but the scenario you just described sounds to me like i want protection, i want to be in the bond market. bonds were up huge today. have you changed your view on stocks over bounds in the long run? >> new york the long run, we think the equity returns are going to be higher than bond returns over the long term, though we do think that they are all going to be lower than what we have been used to over the last several decades n this environment, with this volatility comi
if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian...
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Nov 26, 2012
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we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
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Nov 5, 2012
11/12
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if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
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Nov 8, 2012
11/12
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CNBC
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they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if you're an investor worried about these ratings agencies, it is very clear here that you are going to know the outcome of the fiscal cliff negotiations here in washington before these ratings agencies make a move to downgrade u.s. debt. they are going to wait to see what happens in th
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies...